German Venture Capital Soars as Startups Seek Room to Grow
- Delivery Hero, Auto1 Group deals cemented second-quarter gain
- Germany’s state development bank doubling venture commitment
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German venture capital financing more than doubled in the first half of the year as the country’s startups grow beyond fledgling status and a successful internet IPO opens the door to further investments.
VCs invested 2.16 billion euros ($2.45 billion) across 264 equity deals in German-based startups in the first half, according to a new report by consultant EY. That compares with 972 million euros across 248 deals in the first half of last year.